In the last few months, I've completed another transaction. I now own over seven investment properties and one residential property. IRR is roughly 30% because of leverage and rental income. Every single property of mine yields higher than the borrowing cost. At least 75% of them produce positive cashflow after deducting all expenses.
My financial investments is doing around 22% IRR.
Yet, when I calculated my networth, it is still much lower than I had expected. I've started my investment journey in 2006 and intensified it in 2013 with a buy-hold-refinance-buy more strategy. Four years on from 2013, no doubt I've made over USD2m but it is still well below being financially free, cashflow still unable to replace my income. In other words, I'm still in the work force.
There are other ways to make it bigger:
1. invest in en bloc properties. You can earn over S$2m per property if you pick the right ones. But there's no guarantee that whatever you pick will be loved by developers or your neighbours will be willing sellers.
2. Strike lottery.
3. Run my own advisory firm. This is in the plans and it will be one big way for me to hit wealth much faster.
Don't get me wrong. Money is not everything. It allows me freedom to do charity. To help others. To help my family. This is the end goal.
